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Results of AGM and change to the board of directors
ACCELERATE PROPERTY FUND LIMITED
(Incorporated in the Republic of South Africa)
(Registration No 2005/015057/06)
JSE code: APF ISIN code: ZAE000185815
Bond company code: APFE
LEI: 378900D514788C447E45
(REIT status approved)
("Accelerate" or the "Company")
RESULTS OF AGM AND CHANGE TO THE BOARD OF DIRECTORS
Accelerate shareholders ("Shareholders") and noteholders are hereby advised that at the annual
general meeting of Shareholders held at 10:00 on 15 October 2025 (the "AGM"), save for ordinary
resolution number 1.2 (relating to the re-election of Mr MN Georgiou as a non-executive director of
the Company) and ordinary resolution number 6 (placing the unissued authorised ordinary shares of
the Company under the control of the directors), all of the ordinary and special resolutions contained
in the notice of AGM were passed by the requisite majority of votes of Shareholders present in person
or represented by proxy at the AGM.
As Mr MN Georgiou retired by rotation as a non-executive director at the AGM and was not
subsequently re-elected as a non-executive director by the requisite majority of votes of Shareholders,
Mr MN Georgiou has ceased to be a director of the Company with effect from the closing of the AGM,
with Shareholders having voted not to fill the resulting vacancy at the AGM (in terms of ordinary
resolution number 1.5).
Details of the results of voting at the AGM are as follows:
• Total number of issued ordinary shares ("Shares"): 2 090 323 952
• Total number of issued Shares net of treasury shares: 2 045 494 922 ("AGM Total Voteable
Shares")
• Total number of issued Shares which were voted in person or represented by proxy:
1 188 197 245 Shares, being 57% of the total issued Shares and 58% of the AGM Total Voteable
Shares ("Voted Shares").
Resolution Resolution Number of Percentage For** Against** Abstained*
Number Voted Shares of AGM % % %
Total
Voteable
Shares*
Ordinary resolutions
1 Re-election of Directors
retiring at the AGM
1.1 Re-election of Dr K 1 188 197 245 58.09% 100.00% 0% 0%
Madikizela
1.2 Re-election of Mr MN 1 181 741 054 57.77% 2.92% 97.08% 0,31%
Georgiou
1.3 Re-election of Mr JPA 1 188 197 245 58.09% 99.46% 0.54% 0%
Day
1.4 Re-election of Mr DS 1 188 197 245 58.09% 100.00% 0% 0%
Pydigadu
1.5 Non-filling of vacancy 1 188 197 245 58.09% 99.46% 0.54% 0%
2 Election of Audit and
Risk Committee
members
2.1 Re-election of Mr DS 1 188 197 245 58.09% 100% 0% 0%
Pydigadu as Chairman
and member of the
Audit and Risk
Committee
2.2 Re-election of Mr JPA 1 188 197 245 58.09% 99.46% 0.54% 0%
Day as member of the
Audit and Risk
Committee
2.3 Re-election of Dr K 1 188 197 245 58.09% 100.00% 0% 0%
Madikizela as member
of the Audit and Risk
Committee
Resolution Resolution Number of Percentage For** Against** Abstained*
Number Voted Shares of AGM % % %
Total
Voteable
Shares*
2.4 Re-election of Mr AM 1 188 197 245 58.09% 100.00% 0% 0%
Mawela as member of
the Audit and Risk
Committee
3 Re-appointment of 1 188 197 245 58.09% 100.00% 0% 0%
PricewaterhouseCoopers
Incorporated as
Independent External
Auditor
4 Election of Social, Ethics
and Transformation
Committee members
4.1 Re-election of Dr K 1 188 197 245 58.09% 100.00% 0% 0%
Madikizela as
Chairman and member
of the Social, Ethics and
Transformation
Committee
4.2 Re-election of Mr AM 1 188 197 245 58.09% 100.00% 0% 0%
Mawela as member of
the Social, Ethics and
Transformation
Committee
4.3 Re-election of Mrs M 1 188 197 245 58.09% 99.46% 0.54% 0%
de Lange as member
of the Social, Ethics and
Transformation
Committee
Resolution Resolution Number of Percentage For** Against** Abstained*
Number Voted Shares of AGM % % %
Total
Voteable
Shares*
5 Non-binding advisory
vote on the Company's
Remuneration Policy and
Implementation Report
5.1 Non-binding advisory 1 188 197 245 58.09% 99.45% 0.55% 0%
vote on the Company's
Remuneration Policy
5.2 Non-binding advisory 1 188 197 245 58.09% 99.45% 0.55% 0%
vote on the Company's
Remuneration
Implementation Report
6 To place the unissued 1 188 197 245 58.09% 2.92% 97.08% 0%
authorised ordinary
shares of the Company
under the control of the
directors
7 Specific authority to 1 188 094 714 58.08% 99.43% 0.57% 0.01%
issue shares to afford
Shareholders
distribution
reinvestment
alternatives
8 General but restricted 1 188 094 714 58.08% 90.17% 9.83% 0.01%
authority to issue
ordinary shares for cash
Special resolutions
1 Approval of
Non-Executive
Directors' fees
Resolution Resolution Number of Percentage For** Against** Abstained*
Number Voted Shares of AGM % % %
Total
Voteable
Shares*
1.1 Correction of non- 1 188 197 245 58.09% 99.45% 0.55 0%
executive directors'
fees for the year
ended 31 March 2025
1.2 Approval of non- 1 188 083 322 58.08% 99.45% 0.55 0.01%
executive directors'
fees for the year
ended 31 March 2026
*In relation to the 2 045 494 922 AGM Total Voteable Shares.
**In relation to the 1 188 197 245 Voted Shares.
Fourways
15 October 2025
Equity and Debt Sponsor
Questco Corporate Advisory
Date: 15-10-2025 05:31:00
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